Accounts Receivable F13-12b

Under the allowance method, what are the accounting entries to record, the recovery of amounts previously written-off?

Reinstate the accounts by:

  1. DR: Accounts Receivable.
  2. CR: Allowance for Doubtful Accounts.

Record the cash by:

  1. DR: Cash.
  2. CR: Accounts Receivable.
April 1, 2018 | |